Minn. Stat. § 308B.435: ACT OF BOARD OF DIRECTORS.
Where this section sits in the code
- BUSINESS, SOCIAL, AND CHARITABLE ORGANIZATIONS
- CHAPTER 308B. COOPERATIVE ASSOCIATIONS ACT
- BOARD OF DIRECTORS
The board shall take action by the affirmative vote of the greater of (1) a majority of directors present at a duly held meeting at the time the action is taken, or (2) a majority of the minimum proportion or number of directors that would constitute a quorum for the transaction of business at the meeting, except where this chapter, the articles, or bylaws require the affirmative vote of a larger proportion or number. If the articles or bylaws require a larger proportion or number than is required by this chapter for a particular action, the articles or bylaws control.
Collected 2026-09-02T22:10:41Z. Source file · JSON